Forestry Sector Gains Momentum in Voluntary Carbon Market
Last week the first forestry investment was issued credits and in return, voluntary carbon market players could increase demand for carbon credits from the forestry sector.
On 1 July this year NCOS came into effect. [1] It is designed to give Australian businesses, particularly farm businesses, opportunities to develop offset credits for voluntary carbon markets.
ERA Executes Term Sheet with the Forest Carbon Group AG for the Sale of 1,800,000 Tonnes of VERs over 3 Years
Sept 24, 2010, Vancouver, British Columbia: ERA Carbon Offsets Ltd. (TSX-V: ESR) through its 100% owned subsidiary ERA Ecosystem Restoration Associates Inc, (ERA) is pleased to announce that it has executed a term sheet for the sale of 1,800,000 tonnes of Verified Emission Reductions (VER) to the German based Forest Carbon Group AG.
China Bets on Panda to Take a Bite Out of Land-Use Emissions (and Reduce Poverty)
China generates the lion’s share of global offsets under the Kyoto Protocol's Clean Development Mechanism (CDM), but it doesn't cap its own emissions. It does, however, have its own voluntary carbon standard – the “Panda Standard” – which was unveiled at last year's Climate-Change Conference in Copenhagen and is designed to drive domestic demand for forestry and poverty alleviation with a vehicle that is uniquely Chinese.
Lagos — The Minster of Environment, John Odey said since Nigeria now controls over 40 percent of the certified emission reduction in Africa, it can leverage on it to generate ingestible funds.
EU Trying to Link Up With Federal Rather Than Local U.S. Emissions Trading
The European Union will keep trying to link its carbon market, the world’s biggest, with any U.S. program at the federal level rather than regional systems.
The Centre should promote a carbon credit trading mechanism on lines of the Kyoto Protocol in the country to enable the plantation industry to earn carbon credits.
